Redefining Home Insurance – A Big Opportunity

Kin’s founder Sean Harper talks about the massive opportunity in US home insurance market. He identifies four key opportunities.

·  The competitive bar is low, with most incumbents being inefficient and carrying high expense ratios.

· Good unit economics, mostly thanks to a low churn of homeowners, especially in comparison with renters and auto.

· Higher likelihood of cross-selling.

· No near-term existential threat like semi-autonomous and autonomous vehicles coming to upend homeowners insurance.

Some parallels in Australia.

Source: Kin Insurance